Long Island-based Lalezarian Properties is moving ahead with plans to build a 37-unit residential building at 102 Charlton Street in Hudson Square. A recently-approved zoning application filed with the city shows the 15-story tower will dramatically cantilever over its neighboring tenement at 100 Charlton.
According to a 2014-article from TRD, Lalezarian picked up the two-building site in 2010 for $4 million and then listed property for a whopping $50 million four years later. It appears the developer is now pushing forward with their own plans and re-filed new building permits and demolished the western walk-up at 102 Charlton last year. The TRD article notes that the walk-up buildings contained a mix of market-rate and rent controlled units, which may be the reason why both buildings could not be razed and why the structural acrobatics are necessary.
According to a 2014-article from TRD, Lalezarian picked up the two-building site in 2010 for $4 million and then listed property for a whopping $50 million four years later. It appears the developer is now pushing forward with their own plans and re-filed new building permits and demolished the western walk-up at 102 Charlton last year. The TRD article notes that the walk-up buildings contained a mix of market-rate and rent controlled units, which may be the reason why both buildings could not be razed and why the structural acrobatics are necessary.
Capture of zoning drawings filed with 102 Chalrton's building application; NYCDOB
In this article:
Building permits list Ismael Leyva as the executive architects. The 15-floor building will rise just 140-feet to its roof and its 37 units will be spread across 38,400 square feet of residential floor area. Amenities will include bike parking, a lounge and a roof deck with views of the Hudson River.
Signs point to a rental tower which the developer has almost exclusively developed over the past decade. Their newest development, called 507 West Chelsea, is a trio of rental buildings hugging the High Line. Leasing on the project launched several months ago and curent starting prices begin around $3,000/mo.
100 Charlton and the site of 102 Charlton (left); CItyRealty
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